On Jan. 1, Congress passed the American Taxpayer Relief Act of 2012 (H.R. 8), which avoids the so-called fiscal cliff by: • Permanently eliminating an increase in the tax rate for most Americans. • Temporarily avoiding steep cuts to domestic and defense spending scheduled to take effect on January 1 (known as sequestration). • Preventing a 27% cut in payments to Medicare physicians and implementation of caps on out-patient therapy. In addition, the legislation repeals the Community Living Assistance Services and Support (CLASS) Act and creates a Long-Term Care Commission similar to one LeadingAge had supported to address the broad question of how to best provide long-term services and supports.
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